Wind cuts margins after strong institutional bid
Wind Telecom has reduced the margins on the Eu2.015bn term loan ‘B’ of its refinancing loan by 25bp and tightened the original issue discount for the portion from 99 to 99.5.
Bankers working on the deal said that the reverse flex was possible thanks to substantial oversubscription for the loan.
The Italian company had already increased the institutional tranche of the loan by Eu500m, which will now pay 425bp over Euribor instead of 450bp.The rest of the loan has not ...
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